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Effective Date of New/Amended Rules , Board of Accountancy 01/30/2017

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Notice of Effective Date of New/Amended Rules for

the Tennessee State Board of Accountancy

Pursuant to Tenn. Code Ann. § 4-3-1306(d), you are receiving this notice because you have elected to receive notification by e-mail of certain changes or potential changes to the law applicable to your profession.

The Tennessee State Board of Accountancy has approved two new sets of rules: One on May 6, 2016 and the other on July 15, 2016. Both sets of rules were filed with the Secretary of State on October 28, 2016, and are effective as of January 26, 2017.

The additions, amendments, and/or deletions to the rules of the Tennessee State Board of Accountancy as described as below:

New/Amended Rules from May 6, 2016 Meeting (A copy of these rules can be found at http://share.tn.gov/sos/rules_filings/10-21-16.pdf)

- Chapter 0020-02 is amended to differentiate the specific educational requirements to sit for the CPA examination from the specific educational requirements to obtain CPA licensure.

New/Amended Rules from July 15, 2016 Meeting (A copy of these rules can be found at http://share.tn.gov/sos/rules_filings/10-22-16.pdf):

- Chapter 0020-01 is amended to remove a fee that is no longer applicable, establishes a fee for the transfer of grades or letter of good standing when an individual is seeking out of state licensure, reduces the delinquency period of late licenses from one year to six months, and establishes that licenses expire after six (6) months past their expiration date.

- Chapter 0020-05 is amended by removing the rule that it is a violation of the Rules for a licensee’s failure to return a certificate, registration, or permit upon its suspension, revocation, or expiration.

If you have any questions or concerns about these proposed rules, please contact:

Elizabeth Goldstein

Assistant General Counsel

(615) 741-3072

Elizabeth.Goldstein@tn.gov

Dept. of Commerce & Insurance | 500 James Robertson Pkwy | Nashville, TN 37243-0565
(615) 741-2241
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